Mitchell International Inc 401(k) Review & Grade
Mitchell International, Inc. 401k Savings Plan
San Diego, CAInformation5,412 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,065Employer $ per active participant
$7,197Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$658.2MNet plan assets, end of year
$107,021Average balance per account
Score breakdown
- Employer generosity12.7 / 5025th percentile for employer $ per participant
- Low cost11.3 / 2545th percentile for low admin cost vs. same-size plans
- Employee saving6.1 / 1541th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score40 / 100 · Grade D
This plan vs. peers
Peers: Information plans with 2,500–9,999 active participants (60 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 45th |
| Employee saving | 41th |
| Peers that auto-enroll | 63% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Mitchell International put in about $2,065 per active participant, below the typical peer ($3,691). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $11,178,928 |
| Participant (employee) contributions | $38,954,262 |
| Other contributions (incl. rollovers in) | $6,982,222 |
| Administrative expenses paid from the plan | $913,026 |
| Investment advisory & management fees | $389,817 |
| Other admin expenses | $257,576 |
| Benefits paid out | $87,971,728 |
| Net assets, start / end of year | $623.4M / $658.2M |
| Active participants, start / end of year | 5,575 / 5,250 |
| Participants with account balances | 6,150 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | JGD & Associates, LLP |
Largest service providers (Schedule C)
| Sageview Advisory Group LLC | $383,306 reported compensation |
| Empower Annuity Insurance Company | $247,573 reported compensation |
| JGD & Associates LLP | $18,060 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250917181437NAL0000376579001, received 2025-09-17, EIN 94-3355101, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.